Independent Bank Corp (INDB) shareholders
INDBNasdaqState Commercial BanksFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 15/303% below fair value
$84.47+0.35 (+0.42%)
Close on Nov 13, 2026Market cap $4.00BP/E 12.5Yield 2.79%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
86.0%
41M of 47M shares
Institutional holders
352
55 new, 32 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
0 buys · 9 sales
Net sold $1.67M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 6,276,602 | – | 13G (passive) amendment | Dec 31, 2023 |
| Vanguard Portfolio Management | 3,333,919 | 6.86% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 2,579,579 | 5.31% | 13G (passive) | Mar 31, 2026 |
| State Street Corporation | 2,501,263 | 5.10% | 13G (passive) | Mar 31, 2026 |
| Dimensional Fund Advisors LP | 2,282,315 | 5.40% | 13G (passive) | Sep 30, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of INDB | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 6,979,611 | 14.73% | $584.33M | −162,714 | 0.01% |
| Vanguard Portfolio Management LLC | 3,273,358 | 6.91% | $274.05M | −31,755 | 0.01% |
| State Street Corp | 2,645,824 | 5.59% | $223.18M | +144,561 | 0.01% |
| Dimensional Fund Advisors LP | 2,633,640 | 5.56% | $220.49M | +63,714 | 0.04% |
| Vanguard Capital Management LLC | 2,171,265 | 4.58% | $181.78M | −29,580 | 0.00% |
| Geode Capital Management, LLC | 1,440,396 | 3.04% | $120.61M | +176,807 | 0.01% |
| Rockland Trust Co | 1,427,951 | 3.01% | $119.55M | −42,487 | 4.69% |
| Alliancebernstein L.P. | 1,179,183 | 2.49% | $88.69M | −276,659 | 0.03% |
| Channing Capital Management, LLC | 953,435 | 2.01% | $79.82M | +13,768 | 1.84% |
| Nomura Asset Management International Inc. | 917,172 | 1.94% | $76.79M | −4,566 | 0.12% |
| Citadel Advisors LLC | 733,718 | 1.55% | $61.43M | −251,719 | 0.01% |
| Morgan Stanley | 714,013 | 1.51% | $59.78M | +66,412 | 0.00% |
| Reinhart Partners, LLC. | 657,871 | 1.39% | $55.08M | +8,575 | 1.26% |
| Verition Fund Management LLC | 627,376 | 1.32% | $52.52M | −73,391 | 0.27% |
| Norges Bank | 616,226 | 1.30% | $51.59M | New | 0.01% |
| Charles Schwab Investment Management Inc | 592,448 | 1.25% | $49.60M | −7,723 | 0.01% |
| Northern Trust Corp | 556,997 | 1.18% | $46.63M | +23,478 | 0.01% |
| Bank Of America Corp /De/ | 533,209 | 1.13% | $44.64M | −59,456 | 0.00% |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 531,514 | 1.12% | $44.50M | −3,439 | 0.04% |
| Goldman Sachs Group Inc | 500,477 | 1.06% | $41.90M | −46,386 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 352 | 41M | 86.0% | 55 / 117 | 114 / 32 | 3M | 3M |
| Q1 2026 | 334 | 41M | 87.1% | 42 / 109 | 122 / 20 | 8M | 3M |
| Q4 2025 | 320 | 42M | 88.9% | 42 / 118 | 111 / 25 | 4M | 4M |
| Q3 2025 | 307 | 41M | 86.9% | 45 / 143 | 68 / 28 | 5M | 3M |
| Q2 2025 | 294 | 39M | 81.9% | 34 / 108 | 95 / 25 | 3M | 1M |
| Q1 2025 | 288 | 37M | 78.4% | 34 / 100 | 97 / 30 | 3M | 2M |
| Q4 2024 | 287 | 36M | 75.0% | 30 / 93 | 110 / 35 | 3M | 2M |
| Q3 2024 | 293 | 35M | 73.4% | 40 / 97 | 110 / 26 | 8M | 2M |
| Q2 2024 | 281 | 35M | 73.7% | 39 / 93 | 104 / 30 | 3M | 4M |
| Q1 2024 | 275 | 36M | 76.2% | 39 / 83 | 104 / 22 | 4M | 4M |
| Q4 2023 | 259 | 36M | 76.3% | 31 / 73 | 107 / 23 | 2M | 2M |
| Q3 2023 | 255 | 36M | 76.3% | 37 / 90 | 79 / 27 | 3M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
302 funds held INDB in Q2 2026, 65% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of INDB | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,907,169 | 6.14% | $243.39M | 0.22% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,535,475 | 3.24% | $128.55M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,246,709 | 2.63% | $104.37M | 0.13% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,109,147 | 2.34% | $92.86M | 0.05% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 702,084 | 1.48% | $58.78M | 0.09% | Jun 30, 2026 |
| Nomura Small Cap Core Fund | 689,136 | 1.45% | $54.50M | 0.99% | May 29, 2026 |
| U.S. Small Cap Value Portfolio | 619,064 | 1.31% | $51.90M | 0.27% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 552,958 | 1.17% | $46.29M | 0.05% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 536,783 | 1.13% | $45.00M | 0.13% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 500,436 | 1.06% | $41.90M | 0.88% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 442,027 | 0.93% | $37.01M | 0.22% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 432,885 | 0.91% | $36.24M | 0.25% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 318,749 | 0.67% | $26.72M | 0.16% | Jul 31, 2026 |
| Vanguard Tax-Managed Small-Cap Fund | 286,871 | 0.61% | $24.02M | 0.21% | Jun 30, 2026 |
| Vanguard Dividend Appreciation Index Fund | 273,463 | 0.58% | $22.92M | 0.02% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jeffrey J. Tengel | Chief Executive Officer, Director | 47,776 | 0.10% | Mar 16, 2026 |
| Mark J. Ruggiero | CFO & EVP Consumer Lending | 27,465 | 0.06% | Mar 16, 2026 |
| Kathryn O'Malley | Chief Credit Officer | 12,077 | 0.03% | Mar 16, 2026 |
| James T. Rizzo | Chief Commercial Banking Off. | 14,973 | 0.03% | Mar 16, 2026 |
| Maria S. Harris | Chief Human Resources Officer | 16,838 | 0.04% | Mar 16, 2026 |
| Lee C. Powlus | Chief Administrative Officer | 7,294 | 0.02% | Mar 2, 2026 |
| Tamina O'Neill | Chief Risk Officer | 2,300 | 0.00% | Feb 23, 2026 |
| Maureen A. Gaffney | Principal Accounting Officer | 7,243 | 0.02% | Feb 23, 2026 |
| Patricia M. Natale | General Counsel | 10,325 | 0.02% | Feb 23, 2026 |
| Thomas R. Venables | Director | 89,739 | 0.19% | Nov 13, 2026 |
| Eileen C. Miskell | Director | 12,470 | 0.03% | Aug 31, 2026 |
| Gerard F. Nadeau | Director | 17,457 | 0.04% | Aug 5, 2026 |
| Joseph C. Lerner | Director | 21,165 | 0.04% | Jun 1, 2026 |
| Donna L. Abelli | Director | 16,300 | 0.03% | May 21, 2026 |
| James O'Shanna Morton | Director | 5,431 | 0.01% | May 21, 2026 |
| Daniel F. OBrien | Director | 36,778 | 0.08% | May 21, 2026 |
| Ken S. Ansin | Director | 283,217 | 0.60% | May 21, 2026 |
| Susan Perry O'Day | Director | 106,608 | 0.23% | May 21, 2026 |
| Michael P. Hogan | Director | 7,808 | 0.02% | May 21, 2026 |
| John J. Morrissey | Director | 13,692 | 0.03% | May 21, 2026 |
| Dawn Perry | Director | 1,796 | 0.00% | May 21, 2026 |
| Leif O'Leary | Director | 1,800 | 0.00% | May 21, 2026 |
| Scott Smith | Director | 6,008 | 0.01% | May 19, 2026 |
| Mary L. Lentz | Director | 8,497 | 0.02% | Apr 14, 2026 |
| Aparna Ramesh | Director | 956 | 0.00% | Jul 11, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Thomas R. Venables Director | Nov 13, 2026 | Sale | −1,000 | $84.32 | $84.32K | 16,649 |
| Eileen C. Miskell Director | Aug 28, 2026 | Gift | −842 | – | – | 12,470 |
| Thomas R. Venables Director | Aug 25, 2026 | Sale | −3,750 | $83.00 | $311.25K | 17,649 |
| Gerard F. Nadeau Director | Aug 3, 2026 | Sale | −5,307 | $84.69 | $449.45K | 16,907 |
| Michael P. Hogan Director | May 19, 2026 | Award | +842 | – | – | 7,808 |
| Joseph C. Lerner Director | May 19, 2026 | Award | +842 | – | – | 19,047 |
| Donna L. Abelli Director | May 19, 2026 | Award | +842 | – | – | 14,155 |
| Dawn Perry Director | May 19, 2026 | Award | +842 | – | – | 1,796 |
| Leif O'Leary Director | May 19, 2026 | Award | +842 | – | – | 1,800 |
| Daniel F. OBrien Director | May 19, 2026 | Award | +842 | – | – | 23,712 |
| Eileen C. Miskell Director | May 19, 2026 | Award | +842 | – | – | 13,215 |
| Ken S. Ansin Director | May 19, 2026 | Award | +842 | – | – | 5,937 |
| Gerard F. Nadeau Director | May 19, 2026 | Award | +842 | – | – | 22,214 |
| John J. Morrissey Director | May 19, 2026 | Award | +842 | – | – | 13,692 |
| Susan Perry O'Day Director | May 19, 2026 | Award | +842 | – | – | 6,513 |
| James O'Shanna Morton Director | May 19, 2026 | Award | +842 | – | – | 5,431 |
| Thomas R. Venables Director | May 19, 2026 | Award | +842 | – | – | 21,399 |
| Joseph C. Lerner Director | May 18, 2026 | Sale | −2,832 | $77.31 | $218.94K | 16,215 |
| Mary L. Lentz Director | Apr 10, 2026 | Award | +810 | – | – | 8,497 |
| Maria S. Harris Chief Human Resources Officer | Mar 12, 2026 | Award | +784 | – | – | 16,838 |
| Maria S. Harris Chief Human Resources Officer | Mar 12, 2026 | Tax withholding | −211 | $74.00 | $15.61K | 16,627 |
| James T. Rizzo Chief Commercial Banking Off. | Mar 12, 2026 | Tax withholding | −199 | $74.00 | $14.73K | 14,973 |
| James T. Rizzo Chief Commercial Banking Off. | Mar 12, 2026 | Award | +738 | – | – | 15,172 |
| Gerard F. Nadeau Director | Mar 12, 2026 | Award | +1,337 | – | – | 21,732 |
| Gerard F. Nadeau Director | Mar 12, 2026 | Tax withholding | −360 | $74.00 | $26.64K | 21,372 |
| Kathryn O'Malley Chief Credit Officer | Mar 12, 2026 | Award | +692 | – | – | 12,077 |
| Kathryn O'Malley Chief Credit Officer | Mar 12, 2026 | Tax withholding | −186 | $74.00 | $13.76K | 11,891 |
| Jeffrey J. Tengel Chief Executive Officer, Director | Mar 12, 2026 | Tax withholding | −2,141 | $74.00 | $158.43K | 47,776 |
| Jeffrey J. Tengel Chief Executive Officer, Director | Mar 12, 2026 | Award | +4,656 | – | – | 49,917 |
| Mark J. Ruggiero CFO & EVP Consumer Lending | Mar 12, 2026 | Tax withholding | −460 | $74.00 | $34.04K | 27,465 |
| Mark J. Ruggiero CFO & EVP Consumer Lending | Mar 12, 2026 | Award | +1,706 | – | – | 27,925 |
| Lee C. Powlus Chief Administrative Officer | Feb 27, 2026 | Award | +504 | $78.81 | $39.72K | 7,294 |
| Mark J. Ruggiero CFO & EVP Consumer Lending | Feb 27, 2026 | Award | +1,049 | $78.81 | $82.67K | 26,219 |
| Patricia M. Natale General Counsel | Feb 22, 2026 | Tax withholding | −148 | $82.40 | $12.20K | 10,325 |
| Mark J. Ruggiero CFO & EVP Consumer Lending | Feb 22, 2026 | Tax withholding | −332 | $82.40 | $27.36K | 25,170 |
| Maureen A. Gaffney Principal Accounting Officer | Feb 22, 2026 | Tax withholding | −108 | $82.40 | $8.90K | 7,243 |
| Kathryn O'Malley Chief Credit Officer | Feb 22, 2026 | Tax withholding | −148 | $82.40 | $12.20K | 11,383 |
| James T. Rizzo Chief Commercial Banking Off. | Feb 22, 2026 | Tax withholding | −153 | $82.40 | $12.61K | 14,434 |
| Lee C. Powlus Chief Administrative Officer | Feb 22, 2026 | Tax withholding | −168 | $82.40 | $13.84K | 6,790 |
| Jeffrey J. Tengel Chief Executive Officer, Director | Feb 22, 2026 | Tax withholding | −872 | $82.40 | $71.85K | 45,261 |
| Maria S. Harris Chief Human Resources Officer | Feb 22, 2026 | Tax withholding | −148 | $82.40 | $12.20K | 16,051 |
| Patricia M. Natale General Counsel | Feb 20, 2026 | Tax withholding | −220 | $82.40 | $18.13K | 10,473 |
| Mark J. Ruggiero CFO & EVP Consumer Lending | Feb 20, 2026 | Tax withholding | −337 | $82.40 | $27.77K | 25,502 |
| Maureen A. Gaffney Principal Accounting Officer | Feb 20, 2026 | Tax withholding | −135 | $82.40 | $11.12K | 7,351 |
| Kathryn O'Malley Chief Credit Officer | Feb 20, 2026 | Tax withholding | −143 | $82.40 | $11.78K | 11,531 |
| James T. Rizzo Chief Commercial Banking Off. | Feb 20, 2026 | Tax withholding | −224 | $82.40 | $18.46K | 14,587 |
| Lee C. Powlus Chief Administrative Officer | Feb 20, 2026 | Tax withholding | −238 | $82.40 | $19.61K | 6,958 |
| Jeffrey J. Tengel Chief Executive Officer, Director | Feb 20, 2026 | Tax withholding | −859 | $82.40 | $70.78K | 46,133 |
| Maria S. Harris Chief Human Resources Officer | Feb 20, 2026 | Tax withholding | −211 | $82.40 | $17.39K | 16,199 |
| Patricia M. Natale General Counsel | Feb 19, 2026 | Award | +2,350 | – | – | 10,693 |
| Mark J. Ruggiero CFO & EVP Consumer Lending | Feb 19, 2026 | Award | +3,300 | – | – | 25,839 |
| Maureen A. Gaffney Principal Accounting Officer | Feb 19, 2026 | Award | +1,350 | – | – | 7,486 |
| Kathryn O'Malley Chief Credit Officer | Feb 19, 2026 | Award | +2,050 | – | – | 11,674 |
| James T. Rizzo Chief Commercial Banking Off. | Feb 19, 2026 | Award | +2,300 | – | – | 14,811 |
| Lee C. Powlus Chief Administrative Officer | Feb 19, 2026 | Award | +2,350 | – | – | 7,196 |
| Jeffrey J. Tengel Chief Executive Officer, Director | Feb 19, 2026 | Award | +8,400 | – | – | 46,992 |
| Tamina O'Neill Chief Risk Officer | Feb 19, 2026 | Award | +2,300 | – | – | 2,300 |
| Maria S. Harris Chief Human Resources Officer | Feb 19, 2026 | Award | +2,150 | – | – | 16,410 |
| James T. Rizzo Chief Commercial Banking Off. | Feb 18, 2026 | Tax withholding | −51 | $83.30 | $4.25K | 12,511 |
| Maria S. Harris Chief Human Resources Officer | Feb 18, 2026 | Tax withholding | −43 | $83.30 | $3.58K | 14,260 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
4.01%
2M shares short
Days to cover
4.3
At 0M shares a day
Change since last report
-18.4%
From 2M shares
Short volume, 20 days
56.7%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Independent Bank's stock actually held short. Settlement fails (shares not delivered on time) peaked at 9,398 shares on Sep 21, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Thomas R. Venables Director | Aug 25, 2026 | 3,750 | $313.05K | Aug 25, 2026 | Restricted Stock |
| Gerard F. Nadeau Director | Aug 3, 2026 | 5,307 | $444.89K | Aug 3, 2026 | Stock Option Exercise |
| John J. Morrissey Director | Feb 5, 2026 | 1,988 | $169.42K | Feb 5, 2026 | Restricted Stock Vesting |
| Gerard F. Nadeau Director | Dec 3, 2025 | 2,000 | $146.54K | Dec 3, 2025 | Stock Option Exercise |
| Gerard F. Nadeau Director | Nov 21, 2025 | 3,000 | $200.73K | Nov 21, 2025 | Stock Option Exercise |
| Kenneth S Ansin DIRECTOR | Nov 14, 2025 | 53,000 | $3.66M | Nov 14, 2025 | Inherited |
| Ken S. Ansin Director | Nov 10, 2025 | 130,000 | $8.66M | Nov 10, 2025 | Inherited |
| Ken S. Ansin Director | Nov 10, 2025 | 144,000 | $10.07M | Nov 10, 2025 | Inherited |
| Ken S. Ansin Director | Sep 9, 2025 | 50,000 | $3.50M | Sep 9, 2025 | Dividend Reinvest |
| Daniel O'Brien DIRECTOR | Aug 13, 2025 | 3,781 | $256.58K | Aug 14, 2025 | Restricted Stock Vesting |
| Gerard F. Nadeau Director | Jul 24, 2025 | 5,000 | $339.10K | Jul 25, 2025 | Restricted Stock Vesting |
| Thomas R. Venables Director | Jun 12, 2025 | 1,000 | $65.20K | Jun 13, 2025 | Restricted Stock Vesting |
| Eileen C. Miskell Director | Jun 5, 2025 | 938 | $57.94K | Jun 6, 2025 | Restricted Stock Vesting |
| Eileen C. Miskell DIRECTOR | Jun 3, 2024 | 1,134 | $57.06K | Jun 3, 2024 | Restricted Stock Vesting |
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